Compare And Contrast Renting Vs Buying

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Recommended: Conclusion for buying vs renting

Should I rent or buy? That is the Million dollar question of life.
One of the biggest purchases or decisions in someone’s life will be deciding if they will buy a house, where it will be and the type of house that it will be. There are a lot of people that have commitment issues. A big decision is if someone will buy a house and be there for a while or if it will be rental house, and only have to be there for a year, maybe more if wanted. To me, renting a home is better than buying one due to not having to pay property taxes, not having to pay for repairs and maintenance, not having to pay so much for insurance, and not having a long term commitments.
Property taxes are a tax that everyone pays every year for all the property owned during that calendar year. The higher value of property owned, the more taxes a person pays. These taxes go to schools, roads, and city or county funds. They also go to fire and police departments in your local area. They assess your property value and charge a percentage of that value. Included in this value is vehicles, mobile homes, houses, land, travel trailers, and boats. Without paying these taxes, a person will not be able to re-license a vehicle when the tags expire or a new vehicle is purchased. As a renter, an individual will not see these extra assessed …show more content…

To me there are some good reason for owning vs renting. If feel a lot more in touch with the renting side. Some of these reasons could be for financial situations or credit rating but to me it seems right. I would much rather be able to pack up and move at any time or not have to pay for the roof that the tree that fell in the backyard crushed. Also being able to save a couple hundred dollars a month on insurance too. That could be a payment for a new toy for me or getting to go out to eat more. I just think that renting a house is just fine with

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